Case Study Questions Class 10 Social Science Economics Chapter 2 Sectors of The Indian Economy
CBSE Class 10 Case Study Questions Social Science Economics Sectors of The Indian Economy. Important Case Study Questions for Class 10 Board Exam Students. Here we have arranged some Important Case Base Questions for students who are searching for Paragraph Based Questions Sectors of The Indian Economy.
At Case Study Questions there will given a Paragraph. In where some Important Questions will made on that respective Case Based Study. There will various types of marks will given 1 marks, 2 marks, 3 marks, 4 marks.
Case Study 1:
The topic of whether manufacturing or services should be prioritized as the preferred path for India’s economy is a recurring subject of discussion in public forums. During the early years of this century, when India’s software exports were experiencing significant growth, there was a question as to why India’s services sector couldn’t surpass manufacturing in driving the economy forward. This proposition challenged the conventional model of economic development, as most successful economies had prioritized industrial expansion first. It is understandable that Indian economic policy makers felt frustrated. The economic reforms implemented in 1991 primarily focused on manufacturing. However, despite the substantial reduction in tariffs and the dismantling of the bureaucratic system known as the ‘licence-permit Raj’, the share of manufacturing in the economy did not increase. It is important to note that the significance of India’s manufacturing sector should not be solely measured by its size. There has been a qualitative transformation since 1991, with an impressive improvement in the range and quality of products manufactured in India.
Q1) How different sector agriculture , manufacturing and service are interlink to each other? Mark 2
Answer Agriculture, manufacturing, and services are interconnected sectors in the economy. Agriculture provides raw materials to manufacturing, which transforms them into goods. Services support both by offering transportation, logistics, and financial services. A strong agricultural base can lead to a thriving manufacturing sector, which, in turn, drives demand for services, creating a well-rounded economy.
Q2) How do we count the various goods and services and know the total production in each sector? Mark 2
Answer The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country
Case Study 2:
The growth of India’s Gross Domestic Product (GDP) and Gross Value Added (GVA) in the economy reached a four-quarter high of 7.8% in the first quarter of the current financial year. However, economists predict that the pace of growth may be dampened for the remainder of 2023-24 due to factors such as a weak monsoon, high inflation, and global challenges.
After six months of contraction, the manufacturing GVA experienced growth for the second consecutive quarter, with a slight increase in the pace of growth to 4.7% in the first quarter (Q1) compared to 4.5% in the previous quarter. The agriculture, forestry, and fishing GVA grew by 3.5% between April and June, but it was the services sectors that saw the most significant surge and contributed to the estimates released by the National Statistical Office (NSO) on Thursday.
Q1) What do you understand by the term GDP? Mark 1
Answer The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country.
Q2) In gdp why only final value of good and services is considered? Mark 2
Answer The value of final goods already includes the value of all the intermediate goods that are used in making the final good. Hence, the value of Rs 80 for the biscuits (final good) already includes the value of flour (Rs 25). Similarly, the value of all other intermediate goods would have been included. To count the value of the flour and wheat separately is therefore not correct because then we would be counting the value of the same things a number of times. First as wheat, then as flour and finally as biscuits.
Q3) What is the gdp of India as of march 2023? Mark 1
Answer GDP in India is expected to reach 3598.00 USD Billion by the end of 2023, according to Trading Economics global macro models and analysts expectations.
Case Study 3:
India possesses a notably extensive agricultural sector. Although the sector’s contribution to the country’s GDP has decreased by half over the past three decades, currently standing at approximately 15 percent, it continues to employ around half of India’s workforce and significantly impacts the volatility of the nation’s GDP. India boasts the second largest expanse of cultivable land globally and serves as a prominent producer of various agricultural commodities. In the early 2000s, India surpassed the United States as the leading milk producer worldwide and also plays a significant role in the production of pulses, such as chickpeas and lentils, which serve as vital sources of protein in vegetarian diets.
The advent of high-yielding seeds, including enhanced strains of wheat, from the mid-1960s onwards, coupled with the increased utilization of chemical fertilizers, marked the inception of what is commonly referred to as the ‘green revolution’. Wheat production experienced a nearly 150 percent surge between the mid-1960s and mid-1970s, ultimately enabling the country to achieve self-sufficiency in grain production by the late 1970s. This surge in agricultural output not only bolstered rural incomes but also led to a decline in food prices, consequently alleviating rural poverty (World Bank 2004). Despite the notable advancements in productivity within the Indian agricultural sector in recent decades, yields continue to remain comparatively low on an international scale, with growth in yields only marginally surpassing the global average.
Q1) What do you mean by the term disguised employment often related to agriculture sector? Mark 2
Answer This is the situation of underemployment, where people are apparently working but all of them are made to work less than their potential. This kind of underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. Hence, it is also called disguised unemployment.
Q2) Write about MGNREGA Act 2005 ? Mark 2
Answer Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. The types of work that would in future help to increase the production from land will be given preference under the Act
Case Study 4:
The formalization of the economy is purported to be in the best interest of society as a whole, including the unorganized sector. It is contended that the advancements made by the organized sector will eventually benefit the marginalized population. The appropriation of surplus from agriculture, through terms of trade, is claimed to be advantageous for industrialization and the lifestyle of urban elites, despite the fact that it impoverishes the majority of agriculturists and rural areas. The regulations governing economic gains allow the organized sector to monopolize the majority of the benefits derived from development. The marginalized sections are expected to be content with their meager material gains. Often, it is insinuated that the marginalized should be grateful for whatever little they have received. The widening disparities are justified on the basis of merit, while disregarding the adverse effects of imbalanced social development on the marginalized sections.
Q1) What are the benefits working in organized sector? Mark 1
Answer Working in the organized sector in India offers several benefits, including job security, regulated working hours, social security benefits such as provident fund and gratuity, healthcare, and opportunities for skill development. It often provides higher salaries, better working conditions, and a sense of stability compared to the unorganized sector.
Q2) What are the challenges working in unorganized sector? Mark 1
Answer Working in India’s unorganized sector poses challenges like job insecurity, low wages, lack of social security benefits, poor working conditions, and limited access to healthcare or education. Informal labor often faces exploitation, unsafe environments, and minimal legal protection, making it a vulnerable segment of the workforce.
Q3) what are the ways to protect worker working in unorganised sector. Mark 2
Answer To protect unorganized sector workers in India, measures include: Extending social security benefits like provident fund and health insurance. Implementing labor laws and ensuring fair wages. Promoting skill development and education. Raising awareness of workers’ rights. Creating accessible grievance redressal mechanisms. Encouraging the formalization of informal work.
Case Study 5:
Before India gained independence, there were only a few Public Sector Enterprises in the country, such as the Railways, the Posts and Telegraphs, the Port Trusts, the Ordinance Factories, All India Radio, and a few others that were departmentally managed, such as the Government Salt Factories and Quinine Factories. After gaining independence, India adopted planned economic development policies in a democratic, federal polity. The country faced challenges such as income inequalities, low levels of employment, regional imbalances in economic development, and a lack of trained manpower. India was predominantly an agrarian economy with a weak industrial base, low levels of savings, inadequate investments, and infrastructure facilities. In light of this socio-economic situation, India’s visionary leaders drew up a roadmap for the development of the Public Sector as an instrument for self-reliant economic growth. This guiding factor led to the passage of the Industrial Policy Resolution of 1948, followed by the Industrial Policy Resolution of 1956. The 1948 Resolution envisioned the development of core sectors through public enterprises. The Public Sector was expected to correct regional imbalances and create employment. The Industrial Policy Resolution of 1948 emphasized the expansion of production, both agricultural and industrial, particularly the production of capital equipment and goods that satisfied the basic needs of the people, and commodities whose export would increase foreign exchange earnings.
Q1) What is the importance of public sector? Mark 2
Answer Some of the sectors need spending large sums of money, which is beyond the capacity of the private sector. Also, collecting money from thousands of people who use these facilities is not easy. Even if they do provide these things they would charge a high rate for their use. Examples are construction of roads, bridges, railways, harbours, generating electricity, providing irrigation through dams etc. Thus, governments have to undertake such heavy spending and ensure that these facilities are available for everyone.
Q2) Give examples of public and private sector company? Mark 2
Answer Railways or post office is an example of the public sector whereas companies like Tata Iron and Steel Company Limited (TISCO) or Reliance Industries Limited (RIL) are privately owned.